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◆ Deals offer pick-up to KfW ◆ Saxony offers 1bp of new issue premium ◆ BayernLabo prices tight
Big name needed to shock pipeline back to life, according to bankers
◆ Japanese issuer back with usual benchmark ◆ Difficult backdrop, ‘good for them to get this away’ ◆ Tier one issuer needed
German state prices in line with euro curve despite moves in swap spread during execution
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Move in basis swap rate brings Swiss franc funding costs in line with core markets -
Half-cooked climate policies put them right in the crossfire
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Swissie market offering pricing benefits to issuers willing to go longer
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Provincial issuer grabs one of the biggest order books among the Canadians this year
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Promise of arbitrage draws foreign borrowers to Swiss franc market
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Rates, asset-swap and treasury buyers drawn to sub-sovereign paper
